GDP - Gross Domestic Product
Gross Domestic Product (GDP). The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced GNP as the primary measure of U.S. production in 1991.
Gross National Product (GNP). The market value of goods and services produced by labor and property supplied by U.S. residents, regardless of where they are located.
Source: Bureau of Economic Analysis.
Classic Economic Models
Interactive presentations of the most important models
in microeconomics and macroeconomics go beyond
anything appearing in a printed-on-paper textbook.
Learn to think like an economist.
Balance of Payments
Endogenous Technical Change
Federal Funds (Fed Funds) Rate
Fixed Exchange Rate
Floating Exchange Rate
Gross Domestic Product (GDP)
Production Possibility Frontier
Reservation Wage Rate
Theory of the Consumer
Theory of the Firm
Velocity of Money